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Opinion

Chris Hughes

The Big Short Meets the Sovereign Wealth Fund

Rolls-Royce is reportedly mulling sovereign wealth fund support for a capital hike. That might be a sign of market fatigue. But an anchor investor would more than compensate.

Mark Gilbert

Active Managers Are Suffering a Perilous Pandemic

The failure of stock pickers to outpace their benchmarks poses an existential risk to the active fund management industry. It turns out their bond counterparts are equally bad.